Energy Commodities Oil

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  • NEW YORK, April 28- Oil markets steadied on Thursday after scaling 2016 highs for a third day in a row on the back of a weak dollar as investors looked beyond record high U.S. crude inventories and relentless pumping by major producers to the prospect of future demand. Brent futures were up 36 cents at $47.54 a barrel by 10:49 a.m. EDT, after setting a year-to-date...

  • *Venezuela electricity crisis a serious supply risk- analyst. Brent crude futures were trading at $47.21 per barrel at 1329 GMT, up 3 cents from their last settlement and off an earlier high of $47.59. West Texas Intermediate futures were up 4 cents at $45.37 a barrel after reaching a new 2016 high of $45.71.

  • An investor reacts in front of the screen at an exchange hall on February 25, 2016 in Hangzhou, Zhejiang Province of China.

    Emerging economies struggling with low commodity prices and a strong U.S. dollar could soon expect some reprieve, analysts say.

  • Stay in May and Sell in June

    The age-old market mantra of ‘sell in May and go away’ may not hold up to the hard data. CNBC’s Deirdre Bosa explains.

  • *Venezuela electricity crisis a serious supply risk- analyst. LONDON, April 28- Oil futures slid after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.05 per barrel at 1129 GMT, down 13 cents...

  • *China Apr rebar turnover overtakes crude: http://tmsnrt.rs/26wzjW1. *China Apr rebar turnover valued at $487 billion. SINGAPORE/ SYDNEY, April 28- Crude oil futures, long the king of commodity trading, have lost their dominant position as the world's most traded and valuable derivative in the resources sector to an unlikely challenger: Chinese rebar.

  • *Venezuela electricity crisis a serious supply risk- analyst. LONDON/ SINGAPORE, April 28- Oil futures steadied after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.22 per barrel at 0942...

  • Could oil see future signs of stability?

    With U.S. and global GDP falling, is the recent spike in commodity prices just another ‘false dawn’? Daniel Morris, senior investment strategist at BNP Paribas, weighs in, with added comments on China.

  • Commodities Rally

    Aurora Funds Management's Hugh Dive warns that the commodity price rally could lead to the restart of closed production facilities.

  • SINGAPORE, April 28- Crude futures pulled back from 2016 highs early on Thursday as traders locked in profits after April's sharp rally, but analysts said falling U.S. production and strong investor appetite could push prices higher soon. International Brent crude futures were trading at $46.92 per barrel at 0521 GMT, down 26 cents from their last settlement.

  • A gas flare is seen at an oil well site outside Williston, North Dakota.

    U.S. West Texas Intermediate (WTI) futures settled at $46.03, up 1.5 percent, or 70 cents, marking its highest level since Nov. 4.

  • SINGAPORE, April 28- Crude futures pulled back from 2016 highs early on Thursday as traders locked in profits after April's sharp rally, but analysts said falling U.S. production and strong investor appetite could push prices higher. International Brent crude futures were trading at $47.02 per barrel at 0045 GMT, down 16 cents from their last settlement, and U.S.

  • Cramer: Waiting on the Fed, mini-bull markets have taken over

    Mad Money host Jim Cramer sees a new market that he's never seen before, thanks to the Fed remaining on hold. Here's what to expect for your portfolio.

  • *Brent up almost 75 pct from end of January. NEW YORK, April 27- Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. But prices retreated after the U.S. Energy Information Administration reported in the morning that crude stocks climbed 2...

  • *US stocks mixed after Fed statement. NEW YORK, April 27- Wall Street stocks were steady, U.S Treasury debt yields fell sharply, and oil prices rose to their highest level of the year on Wednesday after the Federal Reserve announced it would keep U.S. interest rates unchanged. Oil prices turned upward, with Brent crude, the international benchmark, up more than 3.0...

  • Inside Iran's oil industry

    CNBC's Michelle Caruso-Cabrera reports from Iran about the country's oil industry after the lifting of the nuclear sanctions.

  • NEW YORK, April 27- Oil prices retreated from 2016 highs on Wednesday after U.S. crude inventories built to record highs, with the market remaining in positive territory on bets that an upcoming U.S. central bank policy statement will keep the dollar weak. U.S. crude inventories climbed 2 million barrels last week to an all-time peak of 540.6 million barrels, the...

  • Iran eager to prove 1M+ oil barrell exports

    Iran is already exporting over one million barrels per day, and expects to get to four million per day by June, reports CNBC's Michelle Caruso-Cabrera.

  • April 27- Hess Corp said on Wednesday it would add drilling rigs in North Dakota's Bakken shale basin, its largest area of operations, if oil prices approach $60 per barrel, a level executives believe offers the best chance to return to profitability. By saying $60 per barrel is that level, Hess is admitting costs in North Dakota for transportation and other items...

  • NEW YORK, April 27- Oil prices retreated from 2016 highs on Wednesday after the U.S. government reported U.S. crude stockpiles rose to a record high last week as expected by analysts, despite an industry group saying otherwise. The Energy Information Administration said crude inventories climbed 2 million barrels to all-time peak of 540.6 million barrels for...